In April, the general fund of the state budget received UAH 94.1 billion, which was 96.9% (-UAH 3 billion) of the target for this period, the press service of the Finance Ministry reported referring to data provided by the State Treasury Service.
The ministry explained that the non-fulfillment of the April target was primarily due to the smaller amount of funds (profits) transferred to the budget by the National Bank of Ukraine last year. Out of UAH 33 billion projected in the budget, only UAH 24.4 billion was transferred.
At the same time, this shortfall was partially compensated for by higher-than-planned amount of revenues transferred to the State Tax and Customs Services.
Revenues from the payments controlled by the State Tax Service amounted to UAH 36.5 billion, or 109.4% of the target for April (+UAH 3.1 billion). The budget received UAH 11.5 billion in revenues from personal income tax and military duty; UAH 1.9 billion from corporate income tax; UAH 3.1 billion from rent for subsoil use; UAH 6.2 billion from excise tax on goods produced in Ukraine and UAH 12.2 billion from value added tax.
According to the State Treasury, in January-April, the general fund of the state budget received UAH 313.8 billion, or 102.3% of the target in the reporting period (+UAH 6.9 billion).
In January-April, the deficit of the state budget amounted to UAH 27.2 billion, with the general fund’s target totaling UAH 69.2 billion in the first four months.
Actual government borrowings to the general fund of the state budget amounted to UAH 170.1 billion in January-April, or 88.3% of the target.
A total of UAH 135.4 billion was raised from the placement of domestic loan bonds, including UAH 30.4 billion in foreign currency ($956.4 million and EUR 112.3 million).
At the same time, UAH 141.9 billion was paid to repay public debt (99.1% of the target) and UAH 45.7 billion was paid to service public debt (98.2% of the target). (Ukrinform/Business World Magazine)